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Here are my top troubleshooting tips for common issues with Advanced Invoice Templates in Xero. Use a Table Format for the Line Items (remove default Tab Format) Replace the default Tab…

Before I completed the Diploma in Accounting a few years ago now, I always found it confusing to understand what Owner’s Equity is, as well as the meaning of Funds Introduced and Drawings. I’m still…

What is reconciling? Before I completed any formal bookkeeping training, I still remember feeling confused about the word Reconciling. Add to this that Xero makes it very easy, sometimes…

A common question from newer Xero users is how to reconcile where an invoice is issued and payment received and reconciled – then at a later date a credit is issued on the invoice and a refund made.…

I work with a lot of businesses. Every day I’m working with small business to help them find the best ways to optimise their software. It’s not rocket science, we are talking pretty much Xero,…

Many NZ businesses are using or considering using Stripe as an option for receiving payments from overseas clients. Here are some suggestions from our experience integrating Stripe with Xero.…

Inventory is a feature of Xero at no additional cost, and can be suitable for smaller businesses who need stock control but cannot justify the expense and complexity of a 3rd party stock control…

In NZ employees are entitled to Annual Leave after 12 months employment and every 12 months after that, while Holiday Pay generally accrues as 8% of gross pay in $ every pay period.  Up until the…

If your Wages/Salaries Expense in your P and L is around twice as high as you are expecting, this is likely a coding error. When reconciling the bank statement line/s of wages being paid to employees,…

This is an example of how we have set up Xero for a particular set of requirements of a manufacturing client. THE PROBLEM Mr Manufacturer buys in components and assembles them into…

Following are some guidelines if you are setting up Xero for the first time, or migrating from another system to Xero. Versions of Xero There are different versions of Xero, some of which are only…

We recently streamlined the sales income process for a small retail online business here in NZ. I thought I would share learnings and tips as this situation and these issues are common. The client…